NOT LISTED FOR SALE

Estimated Value: $807,000 - $916,255

8 Beds
4 Baths
2,438 Sq Ft
$354/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $840,000 $345 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,700/month

31 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Wall Furnace
  • Wrought Iron Fence

About This Home

As of May 2022

This 2438 sqft 4 plex has a great unit mix will all 2 bedroom 1 bath units. The lot is large with room to expand. The property is fully gated on a quiet street.

Last Agent to Sell the Property

Mark Jensen

eXp Realty of Greater L.A License #01739865 Listed on: 02/07/2022

eXp Realty of Greater L.A

Last Buyer's Agent

Mark Jensen

eXp Realty of Greater L.A License #01739865 Listed on: 02/07/2022

eXp Realty of Greater L.A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,984

Year Built

  • Built in 1957

Lot Details

  • 7,069 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Rectangular Lot

Home Design

  • 2,438 Sq Ft Home
  • Cosmetic Repairs Needed

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 39 / 3
  • Tax Tract Number 7
  • Assessor Parcel Number 5107010010
  • $474 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $477
  • Insurance Expense $1,584
  • Maintenance Expense $3,092
  • Professional Management Expense $3,711
  • Trash Expense $2,672
  • Water Sewer Expense $3,878
  • New Taxes Expense $9,938
  • Operating Expense $25,353
  • Gross Income $61,848
  • Net Operating Income $36,495

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,984

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.59
  • Price Per Unit: 198750
  • Professional Management Expense: 3710.80
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3877.80
  • Zoning: LAR2
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5107010010
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 344.54

Exterior Features

  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2672.20
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7069.00
  • Lot Size Acres: 0.1623

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 600 Square Feet
  • Electric Expense: 477.38
  • Gross Income: 61848.00
  • Gross Scheduled Income: 61848.00
  • Insurance Expense: 1584.00
  • Lot Size Area: 7069.0000 Square Feet
  • Maintenance Expense: 3092.40
  • Maintenance Percent: 5.00
  • Net Operating Income: 36494.98
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 25353.00
  • Rent Control: Yes
  • Total Expenses: 25353.00

Tax Info

  • New Taxes Expense: 9937.50
  • Tax Block: 3
  • Tax Census Tract: 2287.10
  • Tax Lot: 39
  • Tax Tract Number: 7
  • TaxOtherAnnualAssessmentAmount: 474.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2022
Closed on
Mar 10, 2022
Sold by
East 47Th Street Llc
Bought by
1225 E 47Th St Llc
Seller's Agent
Mark Jensen
eXp Realty of Greater L.A
Buyer's Agent
Mark Jensen
eXp Realty of Greater L.A
List Price
$795,000
Sold Price
$840,000
Premium/Discount to List
$45,000
5.66%
Current Estimated Value
$864,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,064
Avg. Annual Appreciation
1.43%
Original Mortgage
$630,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2016
Sold by
Horsch Tina Camille
Bought by
East 47Th Street Llc

Purchase Details

Closed on
Oct 7, 2015
Sold by
Horsch Tina
Bought by
Wchi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,800
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2006
Sold by
Horsch Tina
Bought by
Wchi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2006
Sold by
Horsch Tina
Bought by
Horsch Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2005
Sold by
Mendez Tina
Bought by
Wchi Llc

Purchase Details

Closed on
Jun 30, 2004
Sold by
Mendez Tina
Bought by
Mendez Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2002
Sold by
Mendez Jaime J
Bought by
Mendez Tina

Purchase Details

Closed on
Mar 8, 2002
Sold by
Rodriguez Jose D
Bought by
Mendez Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,400
Interest Rate
8.65%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1225 E 47Th St Llc $840,000 Orange Coast Title
East 47Th Street Llc -- None Available
Horsch Tina -- None Available
Wchi Llc -- Old Republic Title Company
Horsch Tina -- Old Republic Title Company
Wchi Llc -- Accommodation
Horsch Tina -- None Available
Horsch Tina -- Southland Title
Wchi Llc -- --
Mendez Tina -- Chicago Title Co
Mendez Tina -- First American Title Co
Mendez Tina $278,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1225 E 47Th St Llc $630,000
Previous Owner Horsch Tina $292,800
Previous Owner Horsch Tina $261,000
Previous Owner Mendez Tina $293,000
Previous Owner Mendez Tina $222,400
Previous Owner Rodriguez Jose D $236,000
Closed Mendez Tina $55,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $840,000 +5.7% $345 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $795,000 0.0% $326 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $795,000 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,984 $873,936 $624,240 $249,696
2023 $10,776 $856,800 $612,000 $244,800
2022 $4,914 $379,393 $136,469 $242,924
2021 $4,845 $371,955 $133,794 $238,161
2019 $4,709 $360,925 $129,827 $231,098
2018 $4,608 $353,849 $127,282 $226,567
2017 $5,727 $448,800 $255,000 $193,800
2016 $4,390 $340,111 $122,341 $217,770
2015 $4,329 $335,003 $120,504 $214,499
2014 $4,369 $328,442 $118,144 $210,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22024421

California Regional Multiple Listing Service (CRMLS)

APN: 5107-010-010